The London Evening Standard claim that the deal is worth £100,000-a-week, and will keep him at the Emirates for the next six-and-a-half years despite interest from both Manchester City and former club Barcelona.

The flying right-back is currently sidelined after suffering an ankle injury, which saw him miss Saturday’s lunchtime draw against Manchester United.

Carl Jenkinson replaced the speed merchant on the right side of Arsenal’s defence during the 1-1 draw.

Still only 21, Bellerin has established himself as one of the first names on Arsene Wenger’s team sheet in recent seasons.

He has picked up three caps for Spain, after starring in 87 league and cup encounters following his debut against West Brom in September 2013.

Wearing the number 24 shirt, Bellerin is renowned for his ability to bomb forward down the flank and provide a supply line to the attack. Hehas scored three goals while supplying 10 more in assists during his time with the Gunners.